Friday news coming to us via Jeff Blumenthal at the Philadelphia Business Journal, who reports that Inquirer/Daily News/Philly.com bosses might be shifting to layoffs after not receiving the requisite buyout agreements from employees.
NewsGuild President Diane Mastrull, a longtime business reporter and editor, said, as of Thursday, 16 members had accepted the package. That is well short of the 30 she said management claimed was needed to avoid implementing layoffs. Mastrull said the deadline for accepting the buyouts is Friday, but she does not think there will be 30 takers.
In a show of solidarity, Guild members delivered a petition to Vice President of our People and Culture Lauren Kauffman — Publisher Terry Egger was out of the office — signed by 255 of about 330 members to demand no layoffs.
“The possibility of layoffs remains,” Inquirer management said. “However, whether that step is necessary and how many might be affected won’t be known until the voluntary separation program is completed next week.”
Blumenthal also reports that newsroom employees eligible for buyouts must be “55 or older and have worked for the company for 20 years or more.” Workers in other departments need to be 50 years old with 10 years experience:
According to the Guild, the buyout packages would include 24 weeks pay and either six months medical coverage or one lump sum of $5,000. That is slightly less than the 26 weeks pay offered by the company during the last round of buyouts in October 2017.
I have not heard of any other sports people making an exit. Mike Kern and Bob Vetrone left via buyout during the last round of staff trimming, which took place a little less than two years ago.
Read Jeff’s full story here: